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⟩ What is Valuation of issues?

Valuation of issues is a complex process because the material may be issued out of various lots which might have been purchased at various prices. Following methods are used for this purpose:

- First in First out(FIFO)

- Last in First out (LIFO)

- Average Price Method

- Simple Average Method

- Weighted Average Method

- Highest in First out

- Market Price

- Specific Price

- Standard Price

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